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Transport Media Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033
Transport Media Global Market
According to The Business Research Company's, The transport media market size has grown strongly in recent years. It will grow from $3.05 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to urbanization trends, consumer mobility, innovative ad formats, regulatory support, targeted local advertising.
The transport media market size is expected to see strong growth in the next few years. It will grow to $4.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to data-driven advertising, smart city initiatives, rise of electric and autonomous vehicles, augmented reality (ar) integration, environmental sustainability. Major trends in the forecast period include integration with mobile technology, technological integration, digital transformation in transportation, sustainable packaging solutions, customization and personalization.
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Market Drivers and Trends:
The increasing prevalence of infectious diseases is expected to propel the growth of the transport media market going forward. Infectious diseases refer to conditions that transmit from one individual to another via polluted foods and beverages and through pathogens such as viruses, bacteria, fungi, and parasites. Molecular transport media enable safer sample handling and transportation, significantly lowering the risk of infection occurring due to infectious diseases, so the increasing prevalence of infectious diseases will propel the growth of the transport media market. For instance, in December 2022, according to the Annual Epidemiological Report for 2021 published by the European Centre for Disease Prevention and Control, a Sweden-based European government health agency, in Germany, the distribution of hepatitis C (a type of infectious diseases) cases and rate per 100,000 population reached 4,718 cases and a 5.7 rate in 2021, respectively, from 4,536 cases and a 5.5 rate in 2020. Therefore, the increasing prevalence of infectious diseases is driving the growth of the transport media market.
Product innovations are a key trend gaining popularity in the transport media market. Major companies operating in the transport media market focus on introducing innovative products to sustain their position in the market. For instance, in February 2021, Vircell SL, a Spain-based biotechnology company, launched VCTM015 TRANSPORT MEDIUM-2. It is a versatile transport medium that can be used to collect and preserve a variety of viruses, including SARS-CoV-2, influenza A virus, and respiratory syncytial virus (RSV). VCTM015 TRANSPORT MEDIUM-2 is a sterile, buffered saline solution that contains HEPES, gelatin, BSA, sucrose, and antibiotics. It is available in two formats: a 1 ml tube with a collection funnel and a 3 ml tube with a sterile nylon swab.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc.; Becton Dickinson and Company; Puritan Medical Products Co. LLC; HiMedia Laboratories Pvt. Ltd.; VIRCELL S.L.; EKF Diagnostics; Trinity Biotech; Medical Wire & Equipment Co.; Copan Diagnostics Inc.; Alpha Teknova Inc.; Hardy Diagnostics; Laboratory Corporation of America Holdings; DiaSorin S.p.A; Mckesson Medical Surgical Inc.; Cradinal Health Inc.; The International Transport Forum; The Kortes Group LLC; Stephanie Marie Delgado; GOGEO SEO; Hawp Media; Transport Marketing LLC; Lamar Advertising Company; Outfront Media Inc.; Intersection; Vector Media LLC; Adams Outdoor Advertising Inc.; Clear Channel Outdoor; JCDecaux Group; Exterion Media; Adspace Networks Inc.; APN Outdoor Group Limited
Transport Media Market 2024 Key Insights:
• The transport media market will grow to $4.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
• Rising Prevalence Of Infectious Diseases Propels Growth In The Transport Media Market
• Revolutionizing Virus Sample Collection With Product Innovations
• North America was the largest region in the transport media market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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